St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-22
On the Chicago Board of Trade Speoula-
ton in Wheat Was at
Low Ebb.
There Was Very Little News to Affect
Prices, Which Kept Within
Narrow Limits.
The Uncertain Condition of Affairs
Has Decided Effect on
the Market.
Transactions In the Financial Circles
of Wall Street--General
Quotations.
Special to the Globe.

CHICAGO, March 2I.-That the dizziness this
market is struggling from is really general
and widespread speculative disinterestedness
that is as prevalent in one locality as another,
and in one commodity as another. is partly
evidenced by the dizziness in corn, where
there. is no reasonable charges OF manlpnla-
ZION. The May option kept between ~ ana
1910 all the morning. The receipts were
large. and larger 1855 cars), are expected to-
morrow. But while the pig arrivals kept the
price from going up, the knowledge that those
big receipts are the result OF an extraordinary
and temporary circumstance-the new rail-
road law-keeps the price from breaking
much The scalpers still had the wheat PIT
TO themselves this morning, very much to
heir own surprise. The talk and thought OF
manipulation are so persistent that the
GOsSIPERS ARE UNHAPPY
inless the clique houses are doing something
On one or the other side OF the market con-
tinually. The price was steady at exactly the
price of late Saturday night, although a little
under the regular close of last week. me
popular gueSseS for the visible supply put the
decrease in wheat at a little over l,OOU,U0O
bushels This was sort of compromise
figure that was of service to neither side. 1t
was not so lal ge but that the bull homes have
been for much larger; and yet it was
large enough to encourage no selling on the
prospect. The week really is likely to depend
largely on statistics made at the seaooard
The bulls plainly altered their tactics
and do not propose to bulldoze
and advance. This is sensibly looked upon as
y sign of strength by the general crowd, and
as indicating that margins cut no figure with
the three or four big syndicateS which held
long wheat. If the bull hopes of big clear
anceS and rapid home consumption are real
lied, the advance i'll price will come without
any unpopular manipulation, and the unload
ing process will be an easy and natural one.
If these hopes are not realized an escape from
the bull side with profit can only be accom-
plished by Il brutal sort of corner process
that can be good deal easier done month
from now and after the markets have been
enlivened by season of fancied security.
THE ROUTINE REPORT.
CHICAGO, March 2l.-Speculation in wheat
was at Il low ebb to-day. There was very
little news to affect the course of the market
and prices were held within narrow limits
May wheat opened at size, declined to S05sc
and closed ut Sic. The decrease in the visible
supply of 100000 bushels fell considerably
short of expectations of spectators and no
special change in values followed the an
nouncement. The fact is that the uncertain
condition of the market checks trading
Spectators are afraid to sell short" and are
reluctant about buying, fearing that the ire
mendous quantities now held by certain
bull spectators may be thrown on the
market at any time. The export clearings
aggregated $4,000 bushels from two ports
The receipts aggregated $4,000 ushels at
eleven points. The expected large receipts of
corn together with an increase Of $4,000
bushels in the visible supply caused weaker
feeling and the prices fell off 1850, closing
At about inside figures. Oats were dull and
unchanged. Mess pork was dnll and NOM
iually unchanged. There was pressure to
sell lard early in the day and prices declined
5@71@c, but rallied again and closed shade
higher than Saturday. Short ribs declined 10
1l5c, but rallied again and closed 171a@20c
higher.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No. 2, March, opened at 75s4c, closing
at 7536c; May. size, closing at Sic;
closing at sO3sc. Corn-No. 2. March,
341sc, closing at 33Isc; May, 391sc, closing at
39hc; June, 40Ac, closing at 401sc:
July. 41Ac, closing at 411sc. Oats-No. 2,
March, 231sc, closing at 231sc; May, 2S1sc,
closing at 2S5sc; June, 1890, closing at 29c.
Mess pork, per barrel-March, $40 10, closing
at $2Ol May, S20.50, closing at 5000; June,
$40. So closing at 5000. Lard, per 100 pounds
March, $40, closing at $3.50: May,
$I.321a, closing at $40; June, S7.421a, clos
ing ut S1.45. Short ribs per 100 pounds
March, $751;. closing ut $7.771a; May, 1857,
Cash quotations were as follows: Flour, dull
and unchanged. Wheat--No. 2 spring, 1890
7734c; No.3 spring, nominal; No.2 red, nominal.
Corn-No. 2, 335s@363sc. Oats-No. 2, 24c.
Rye-No. 2, 54%c. Barley-No. 2, SOC.
Flax seed, No. l, SlO71I. Timothy seed. prime,
S1S0@l.Sl. Mess pork, per bbt 1925.
Lard, per 100 lbs, $3.50. Short ribs, sides,
loose, S7.771a; dry sailed shoulders, boxed,
$606.25; short clear sides. boxed, SS1O@S Is.
Whisky, dlstillers' finished goods, per gal,
Sl.1S. Sugars. cut loaf, 6A@6}sc: granu-
lated. &c; standard "a" 55sc. Receipts
Flour, $4,000 bbls; wheat $4,000 blu:
corn, 2l5,OOe blu: oats, 100000 bu; rye. 1000
blu; barley, $1,000 bu. Shipments-Fiour.
10000 bbls; wheat, 10000 blu; corn, 14O. 600
bu: oats, $4,000 bu: barley, 5000 bu. On the
produce exchange to-day the butter market
was steady; creamery, 200311ac per b; dairy
l5Gl23c. EGGS, 12%@l3c per doz.